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Purpose of demo trading

Apr 20 at 15:49
82 posts
Mohammadi posted:
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.

I think demo account is the best option to practice and test your strategy.

FXOday (FXOday)
Apr 20 at 22:32
31 posts
Demo trading is used properly, it will help the trader to prepare to make money in the real trading account, but usually in demo trading start with huge capital, let say 5000 USD, but in real trading account only use small money less than 500$, if trader serious in demo account I think they can start with $100 to learn how to manage the money in uncertainty market condition.

Apr 21 at 06:39
196 posts
With a demo account, a trader can develop his trading skills and also can test his trading strategy before proper start with real money.

ele020 (ele020)
Apr 21 at 07:19
165 posts
A demo account helps the newvie to get a glimpse of what goes on in the market, how trades are placed, what all indicators can be used to dig out trade ideas, what margin is required to place trades, how leverages function, and what not.. Basically a demo account gives the trailer of trading.

The more your practice, the more you learn.
perryjohn765 (perryjohn765)
Apr 21 at 11:57
169 posts
the purpose is to practice n be prepared for the live

Apr 21 at 15:01
9 posts
To me, demo trading is a practice tool to learn about live forex and create strategies and skills to profit using the real account.

Apr 22 at 11:00
52 posts
Generally, demo account must be with the broker with whom you will be start your live trades as this will help you to understand their platform. But now a days even experienced traders practice on demo account just to tune themselves with current trends.

Apr 26 at 15:17
10 posts
The demo account main purpose is for beginner traders to experience live trading by using the demo account and trade without risk.

The demo helps in build strategy and skills; no real capital and emotions are involved in it.

Apr 27 at 02:47
196 posts
Demo trading is helpful to do practice and test your strategy and if it works you can trade with real money with real account.

May 03 at 09:50
937 posts
practice is really important , i and for that demo is the best solution even though most of the traders especially the beginners dont believe the importance of demo.

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